Oil Tankers Flood Back Into Suez Canal As Red Sea Risk Grows
Suez Canal's revenue jumped by 42% in July from the same month last year as the number of oil tankers passing through the Egyptian gateway to the Mediterranean surged amid threats to shipping in the southern Red Sea and the Bab el-Mandeb Strait. The revenues rose to $505 million in July, according to data from Egyptian statistics agency CAPMAS cited by Bloomberg. This is well above the $355…
We haven't written up this one. OilPrice has the full story — the link below goes straight to it.
